debates. talking about growth rates in never cut it. reason never extracted money through taxes in addition, there is no pressure on them to really cut. they really control wall street. it's not that money controls washington. washington controls the money. they have industrial logic to this business model just like any other business model. that is to extract power from the rest of the country into money into centralized location which is washington. >> you mentioned in your piece, peter about maserati and fine wines and exclusive restaurants and home prices, et cetera, are these government employees that buy the maseratis? >> it's probably not government employees. it's people that influence government policies. so it's people like lobbiyists. people who ho run contracting firms. only business or customers is the federal government. it's money that gets sloshed around in all those different ways. the reality is that, you know, i lived in washington, d.c. in the 1980s, it was really kind of a middle class town with some wealthy areas. it's a completely different place now. and par

they had the right fiscal and tax and monetary policies to turn things around then. i think those same principles would work today. >> there are two issues on the table here. number 1, what is wrong with the economy and are the policies correcting it or leading us in the right direction isn't other is the immediate response by washington. some in washington to the very grim news. americans woke up to feel extreme pain, learning that the economy shrunk in the last quarter and the first thing they hear out of washington is with leader peuloseet and white house press secretary, blaming the republicans and even senator marco rubio was quick to release a statement, casting the blame right back on president obama. but there is no effort to -- let's jump into this and solve this problem together. instead, it's immediately start the blame. >> you are absolutely right. one of the things we have to look at, how do we get capital flowing in the united states economy so we have growth and expansion of our small businesses. we look at our corporate business tax rate, which is the highest in th

citizenship to register with the federal government. pay fines and back taxes, undergo criminal background checks and learn english. all of that is contingent on border security being strengthened. >> we have to ensure we don't do anything that encourages people to come here illegally in the future. >> we believe this will be the year congress finally gets it done. >> reporter: analysts say with the power of hispanic voters growing rapidly, the politics are right. >> the fact in washington both parties can get together to present a framework of something that could finally deal with all of the different aspects of immigration is really a big step forward. >> now, for years, washington has tried to pass immigration reform and failed and there is no guarantee that lawmakers will be successful this time around. for one, the president's plan is expected to differ with the senate's plan. there is still a lot of opposition in congress to many of the proposals being discussed. >>> we are joined now by former vice presidential gore. you will sit down in a lot of chairs like this to prom

possibly do without knowing what would happen with their taxes. the uncertainty was horrendous, the mood sour. we were getting all sorts of cross currents about what would happen with corporate and personal taxes. were they going to raise taxes, were capital gains going up? would the alternative minimum tax ensnare millions of people? would businesses have to start a whole brand new round of layoffs? executive after executive came on this show to say, look, we can't do a thing. what's the point? we will just have to undo it. business confidence plummeted, and the idea of forming a new business. well, remember when the ceo of paychex came on and talked about the paralysis caused by the cliff? who would leave his job to start a new business in that environment? okay. retail sales weren't that bad. but they nose dived right at the end of the quarter. retailers were afraid to restock inventory, figuring that spending would drop off the cliff right along with the nation's finances. it was all in all a very bad time for our nation. now, overlay the storm of the century for the northeast, one t

snickers peanut butter squared. when you file your taxes. i read the whole 900 pages. i will give you a tax and health care review. i can help you figure it out. ♪ ♪ [ male announcer ] let's take every drop of courage, every ounce of inspiration, every bit of determination, and go where we've never gone before. ♪ introducing the radically new avalon. toyota. let's go places. >>> we're back now at 7:41. prince harry is back in britain this morning and he's trying to clarify some of the comments he made during his tour of duty in afghanistan. nbc kir seir simmons is in buckingham palace this morning. good morning to you. >> reporter: good morning. prince harry has faced criticism from his comments about killing the taliban. now, he's back and ainu interview, he's talking about what he's learned. >> it's been great. a hell of an experience. really proud of the guys. >> reporter: prince harry summing up his tour of duty in afghanistan, landing back in the uk, finally able to congratulate william and kate in person. her pregnancy announced while harry was away. >> i'm longing to

monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ o itbut sleep train's huge foyear eends sunday. salels, get beautyrest, posturepedic, even tempur-pedic mattress sets at low clearance prices. save even more on floor samples, demonstrators, and closeout inventory. plus, free same-day delivery, set-up, and removal of your old set. don't wait, sleep train's year end clearance sale ends sunday. superior service, best selection, lowest price, guaranteed. ♪ sleep train ♪ your ticket to a better night's sleep ♪ >> shepard: 23 past the hour. the u.s. embassy in cairo is warning americans there to be on alert after mass protests protect out today, exactly two years after the revolt that triggered an historic revolution. here's cairo then and now. then on the left and now on the right. there have been many changes. the dictator stepped down, new order took power, new constitution took effect. yet on the notifies of -- anniversary of the changeover, the

. topping the news at this hour u.s. tax funder deal gave egypt some of the advanced military technology in america's arsenal. can we trust morsi's young regime with these weapons. >> temperatures plummet to dangerous levels. a winter storm is brewing and we will tell you how long the freezing cold will stick around. >> paul ryan coming out swinging setting the stage for a new round of budget battles in president obama's second term. he just wrapped up his speech at the national review institute warning fellow republicans to carefully pick their fight with the democrats or risk being miss cast on divisive issues. >> the way he felt it it's the president and only the president who is trying to fix our bridges to feed our children to care for our seniors to clean our frankly, he must be exhausted. i know we are. but we can't get rattled. we won't play the villain in his morality plays. we have to stay united. we have to show that if given the chance we can govern. >> molly henneberg is live in washington with more. >> trying to buoy his fellow conservatives. paul ryan said repub

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more taxes that would go toward the programs this don't have a global solution. >> there is money in this. norwegians came out and said that this is less severe, global warming,s than previously reported. it will make everyone rich except for the taxpayers funding it. now it hurts the al gores of the world. they used a consensus, alarmist thing to build consensus and they cite it as fact. see, everybody agrees rather than the science that hasn't been there. now, i think people are saying look, we think something is happening. it doesn't constitute a quick alarmist action of million of taxpayers dollars. >> dana: i talk to democrats in d.c. and asked them were they surprise or offended about al gore taking the $100 million from the country that has a media outlet, al-jazeera, funded by oil money? >> bob: when conscience got away with making a profit? wal-mart makes money and they put a business on main street. >> greg: but wal-mart doesn't accuse others of doing it. >> bob: you can argue if it's global warming or nottism read a study, pros and cons. a group out there tries to put both

look over the last four years and you see higher taxes, class warfare radical wealth redistribution, socialized medicine, unprecedented spending record breaking deficits and debt. you say of course this is the logical results of all of those policies. it's not a big mystery here. they a >> they are also pointing to this effect of gridlock in washington and some people may be freaked out by higher taxes. there's a question of whether there is any will in washington to make anything meaningful happen on the questions of spending and our budget which we haven't had in four years now. we don't have a budget. senator mary landrow dismissed diskri discretionary spending. >> i am not going to keep cutting the discretionary budget, which by the way is not out of control despite what you hear on fox news. >> it doubled since 2000. >> why she says stuff like that i don't know. i guess she gets extra brownie points and a pat on the head or attacking fox news. our spending is out of control, the argument see should have made is that our immediate problem is dealing with jobs. attacking the defi

register with the federal government, pay a fine and back taxes and pass a background check to make sure they don't have a criminal background, violent history. to gain permanent residency, individuals would have to pay more fine, demonstrate a work history and current employment and they'd have to go behind the back of the line behind every lawful green card applicant. it provide for immigrant who is came to the u.s. as children and those who are agricultural workers. they do not have to go back to their home country. the most important i kquestion be answered, do knows who are dead set against amnesty believes this is amnesty under another name. >> i'll give you a little straight talk. look at the last election. look at the last election. we are losing dramatically the hispanic vote, which we think should be ours for a variety of reasons. >> senator menendez said after a handful of meeting the senators agreed a pathway to citizenship must be part of any comprehensive plan. >> having a pathway to earned legalization is an essential element and i think that we are largely moving in that

one time, we are all treated the same way by the sales tax. it doesn't care if you're a janitor with four kids or a cardiologist with lots of dollars. the greater percentage of income you pay, if you don't make that much money, that sales tax on the egg might be 1% of a day's pay for you. it could probably be more like a thousandth of a percent of the cardiologist's paycheck for the day. a sales tax is therefore among the least populist way of raising money for government, proportionally speaking. it takes the most from people with the least money, and the least from everybody who has more money. because of that backwards impact, because it's harder on the poor and easier on the rich, you might think a tax like that would be among the most unpopular tax ideas. but in bright red states, states where republicans have complete control of the government, that tax all of the sudden is really popular. this month in louisiana, republican governor bobby jindal rolled out his agenda for this year. get rid of the income tax and corporate taxes where how much you pay depends on how much you mak

] sounds good. it's amazing what soup can do. [ male announcer ] sounds good. ...tax time can ofbe...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. i have obligations. cute tobligations, but obligations.g. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> have you joined the "politicsnation" conversation on facebook yet? we hope you will. today we asked our facebook fans what gift they'd give paul ryan for his birthday. sherry says how about a calculator. his figures sure don't add up. lorain says a one-way ticket to newt's moon colony. and susana says an early retirement so

. it fills you up right. >> fox news lart. issue of americans moving tons avoid paying higher taxes. golfer phil mickelson recently complained about paying higher taxes and said he may move elsewhere but apologized or admitting that. tiger woods moved to florida who has no state income tax. states with the higher taxes are among those seeing their populations decrease. the high rates are in orange while states with owe over head are seeing population growth some of those are in green. simon rosen burg who is president and founder of a think tank advocacy organization. a fellow at the american enterprise institute and former speech riert for president george w. bush. if you look at what's happening in the state eliminating their state income tax or lowering their state income tax it is remarkable for those choosing the opposite route. >> that is exactly right. what the democrats don't seem to understand is taxes effect behavior. wh when you have a situation in high tax states like california like the tax policies have become compensatory it's not just phil mickelson and tiger woods.

of california because of potential tax hikings. on wednesday he apologized for making his feelings so public. >> i love it here and grew up here and i am certainly concerned for it. my apology is for talking about it publicly. because i shouldn't have taken advantage of the forum as i have as a professional golfer to try to ignite change over the issues. >> oh, phil. think about all of your friend in the california and all of the folk in hollywood who use celebrity to try to affect change. think about how many differents we suffer in a election season to see celebrity to vote for their favorite candidate. you have a right to earn the money that you have earned and you actually have a right to keep more than 37 percent of it. instead of apologizing use that platform and voice and remind us all that we shouldn't be ashamed of being successful it is the american dream. but it is also part of the american nightmare when the government want to take most of the it away. we'll go where there is less government and less of a chance where government will take most of the it away. >> two of the

office because he has, there is an $11 million lien that he is not paying his taxes. there may be questionable contributions gip on >> kimberly: there are e-mails posted and they may corroborate the information given from the e-mail to ti tipster. >> dana: i am just listening. i'm cautious when it comes to getting in front of the f.b.i. let them do their investigation. it was reported in the "miriam herald" today -- miami herald" today. comment about the press. it's dangerous when you decide who is and is not a reporter. one that you would or would not deal with. when the dan rathertory broke about the documents being forged that was not because of intrepid reporter. take your pick of any of the big papers. it would be depicted as a blogger in the pajamas. he found that. stories pop up anywhere. journalists work for liberal or conservative newspapers or has conservative news editorial page. you bet every pay attention to all of them because where there is smoke, there is fire. >> kimberly: as a smoke and fire this morning the only place reporting it was fox news. because after whe

purplepill.com. >> bret: the people in charm of taking your tax dollars and sending them overseas may not have been playing by the rules. tonight, catherine herridge with startling allegation of corruption and coverup at the top federal agency. >> at the heart of the investigation, according to documents obtained by fox news, allegations of contract at the senior level of u.s. a.i.d. the government agency that distributes foreign aid. the larger issue is whether the allegation surrounding the $150,000 contract speak to a largeer culture of corruption. >> we have to root out waste, fraud and abuse. you have to have integrity in the process. this doesn't look right or smell right. they fixed a constructer the candid tate that best med the requirement was the outgoing financial officer. in a statement to fox, he said the client did not violate a law. adding that justice department reviewed the matter and declineed to initiate a criminal investigation. justice department spokesperson said they cannot confirm or deny existence of any investigation. >> others said how they have the example for

going to disneyland if one n.f.l. coach goes to the superbowl. he may be ru officemax knows... ...tax time can be...well...taxing. so right now we'll give you... ...$10 off any turbo tax deluxe level software or higher! find thousands of big deals now... ...at officemax. by the armful? by the barrelful? the carful? how about...by the bowlful? campbell's soups give you nutrition, energy, and can help you keep a healthy weight. campbell's. it's amazing what soup can do. >>. >> greta: scenes of devastation in australia. forcing thousands to flee their homes and killing four. many tornadoes lashing large parts of queensland. helicopters getting people from rooftops and people caught in the flash flood. it's also disrupting air travel. now, to our favorite social media moment of the day. oprah winfrey and george clooney. first oprah tweeting, thanks everybody with your birthday wishes. no plans to leave pj's all day. and oprah tweeted out in her birthday suited but in her pajamas. george clooney, movie star is picking up a restaurant tab at a nearby restaurant. the party was too loud so he

tax fight behind us. plus, the warring political parties seem to have -- it does seem like a truce at hand deferring a ridiculous and harmful government shutdown. throwing a huge turn in china that converts believers every day along with stabilization of europe and multinational companies have at last powered higher. all that good news in the jobs it creates are causing a radical revision in what we're willing to pay for future earnings. that's right, the price to earnings multiple, the ratio of how much we'll pay for the profits companies are going to have down the road is headed north and therefore so are the stock prices. we're willing to pay up because of the prospect that things are, indeed better. let me show you what i mean. let's take the transports. they've been scorching, scorching despite the index being home, beating down trucking companies, worldwide freight plays, and the railroads -- which were just annihilated by an historic decline in the most important cargo, coal. what's happening now if the economy's getting better for the airlines? the seats are being filled, rais

militia. we'll show you what he is going to be up against. >>> the transaction tax. americans pay it every day on everything we buy. but why doesn't wall street have to pony up? >>> and the latest on the quest for filibuster reform. will the senate actually change the rules and get something done? senator bernie sanders with us tonight. >> good to have you with us tonight, folks. thanks for watching. if you wanted to know why congress has a record low approval rating, all you had to do was watch the circus on capitol hill today. outgoing secretary of state hillary clinton testified before senate and house committees today about the attack on the u.n. consulate in benghazi, libya. the committee members already have access to the full accountability review board report on the attack, as well as classified intelligence reports. secretary clinton has repeatedly taken responsibility for state department failures during the attack, but republican senators were still obsessed with one detail. united nation ambassador susan rice and her description of the attack on september 16th. tea party

-insured reverse mortgage. it will eliminate your monthly mortgage payments and give you tax-free cash from the equity in your home. and here's the best part -- you still own your home. take control of your retirement today. ♪ ♪ >> a new interview raising questions in the bizarre story of a notre dame football player and what we now know was his pretend girlfriend. the story tugged on the nation's heart strings, said that his girlfriend had cancer, had a car accident and ultimately she died and they gave the team football in her honor. well, it all turns out to be fake and now the only question is whether he was in on the hoax. he sat down with katie couric and maintained with her that he was duped into thinking he had a loving, online relationship, with a girl he never physically met or even saw. saw a couple of pictures and dr. keith ablow is a psychiatrist and part of the medical a-team. get your take on what we saw yesterday and his denial before i play some of the more interesting sounds, doc. >> well, my take is this, megyn, whether manti te'o was part of the conspiracy or no

, they would have been eager to let all the bush tax cuts expire. the cbo has shown that if we did that, debt as a share of the economy would fall to half in the next ten years. and if we were to leave the bush cuts in place, it would double. so, no, they're not serious about cutting deficits. they're serious about continuing to pose as the party of tax cuts for the rich. >> and i want to point out that just about an hour after we got the report on the gdp, senate minority leader mitch mcconnell gave this warning about government spending. here it is. >> this, my colleagues, is the europeanization of america. this is the pathway to greece. >> really? your thoughts on that. >> well, there is one way that we are on a pathway to greece. in greece they do not have an effective tax system, and people cheat left and right. we are starving the irs. i've been talking to people inside the irs whose units have been cut 30, 40, 50% in personnel, and they're not auditing, and they're not going after the tough cases that will mean the less money for the government and the less money for all governme

his taxes in california is still talking about how he wished he never talked about it phil mickelson now says about his threat to up and leave the state of california. new words next. using robotics and mobile technology, verizon innovators have made it possible for teachers to teach, and for a kid... nathan. tadpole. ... to feel like a kid again. because the world's biggest challenges deserve even bigger solutions. powerful answers. verizon. get at low clearance prices., even tempur-pedic mattress sets save even more on floor samples, demonstrators, and closeout inventory. the year end clearance sale ends sunday at sleep train. ♪ your ticket to a better night's sleep ♪ >> shepard: a dumb mistake. that from the golf great phil mickelson at a charity event. he says he completely missed the mark when he publicly complained about california's tax on millionaires and threatened to leave the state or retire from golf all together. >> i shouldn't take advantage of the form that i have as a professional golfer to try to ignite change over these issues. i shouldn't have talked about it b

. they'll have to pay back, you know, penalties, taxes, learn english, get in the back of the line and work their way through it, and i think that the public overwhelmingly supports that notion. >> do you have any concerns about the way the obama team inside the white house, the cabinet is shaping up so far in the top positions we've seen white men. we've seen a lack of diversity, critics say. there is that iconic picture, we're told, valerie jarrett is separate there behind dan pfiffer, but not really visible. she is a powerful voice. there's no denying that. the most powerful voice probably in the white house. what about lisa jackson that's left, vpa. you're leaving labor. when are we going to see more women? >> i think that you are going to see more women and more diversity, you will see that coming about. i know that i have been in discussions and people have told me that there is a strong commitment to make sure that latinos, hispanics are represented in the cabinet post as well as women, so i think right now we're a little bit too quick to judge, and right now is a time for a

their taxes, who are now looking for relief. i'll tell you the way that we'll be able to handle this, with the compassion and the understanding that we have no other place to go and with voices like senator mark rubio and we hope many more. i can't attribute to him a senator that promotes amnesty because he wasn't here in the united states congress but i also say to you that although congressman smith is my friend, he is wrong. for the last decade, we have not promoted amnesty. i introduced legislation that talked about legalization and it had to do with paying fines, paying a duty in terms of either service in the military or charitable service. it said get in line and behind all those who had been in line so there were penalties and that's the focus of immigration reform for a decade. but as the president said, we have had nothing but debate and sound bites and no action. now i believe we have an opportunity for action. >> all right. and you believe and despite some members of the house who are republicans who, for example, congressman smith says, he doesn't believe that any propos

. several cllim thee equivalent of 100 miles per tax credit of up to 75-hundred dollars could have you phinking about getting ann ellctric vehicle. consumer rrports just tested some of the latest ennries. entries. 3(v/o)ford cclls the ford focus fuel-efficient compact car in america. consumerrreports equivalent of 107 miles per gallon. theeengineers compared it with other all-eleetric sub-compact mitsubishi iimiev. (sot)"thh i-miev is eeen more fuel-efficient, geeting the gallon. it's alsooeasy to r - park, ut it's low and cramped, and it rides stiffly. in fact, our engineers thoughtt it was moreelike glorified ggll cart."(v/o)with any all- electric car, a primarr consideration s how far it will go on a chaage. (natsot: charging)(v/o)consumer reports arrund 60 miles.(sot: rik paul) "it takes 21 hours to recharge the i-miee on household current, but yoo can get a your house that will cut that time down to six hours."(v/o) the most luxurious all- electricccar so far is the tessa model s. it claims a range of up to 265 miles. special charging stations can charge the battery halfway in

have we done? we've raised taxes by $200 billion a year. the reason that u.s. stocks are up 5% after this horrible thing we've done to our selves that under norm circumstances would cause a recession is because we're in a global economy and every other major country in the world is doing the right thing while we're doing the wrong thing. that's propping us up. we're fine, we'll have a great year. these other countries doing things right, that aren't kicking the can down the road, they're going to have fabulous years. that's where you want to put your money, my friend. >> i was reporting in 2007 when we hit dow 14,000 and everyone got slammed on that. there's a hesitance at these levels. what's not getting talked about enough is the impact on consumer sentiment. if you go to any coffee shop, grocery store, anywhere in this country, people are looking at their 401(k), they feel better and i think that will translate into positive consumer spending, which filters into the whole economy. >> the retail investors is getting involved. the money flows are ramping up tremendously on the retai

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maneuver. we will talk about it. >> we have new developments today on the big tax hike that congress passed a few weeks ago. it was supposed to target the rich. but as we have reported the tax increase actually affected all three quarters of the united states. now we are learning it has affected so many middle class americans that consumer confidence is slipping. fox business network elizabeth mcdonald is here. >> this comes from the conference board consumer index. it's a really important index. the federal reserve tracks it economists on wall street track it. it did take a sharp drop in january. all of the positive gains in the index in 2012. what the top officials are saying is that consumers are more pessimistic about their financial situation and they are attributing it to the hike in the payroll tax. it has undoubtedly dampened consumer spirits us. the payroll tax was reinstated recently. what the board is saying is it may take a while for confidence to rebound. the conference board for consumer confidence is one of the leading economic indicators. the confidence drop comes des

. you have to get in the back of the line and pay taxes. we don't know what kinds of fines they are going to have to pay. two different talks here of amnesty. ann coulter is on the rational review side. she said some were democratic voters. who is going to win this argument in the republican are party. do the democrats need all of the republicans? they just need some. >> it should be fascinating to watch. into the storm goes marco rubio. we are going to find out a lot in the cone teflt text of his aguilt to weather the storm. if he can't rally people to a great cause. he goes into the storm now with conservatives and republicans about to have a important debate about the future of our party. thank you both for joining me tonight >> >>> good evening, americans, and welcome to "the ed show" from new york. republicans have the audacity to attack a highly decorated veteran and label him as a dove? this is "the ed show." let's get to work. >> i'm pleased to see an old friend here before the committee. >> the hague hearing started out friendly and got ugly fast. >> were you correct or inc

shutdown. republicans want spending cuts noon more tax hikes. democrats want the opposite. the budget knife will start cutting automatically. >> bret: thanks. still ahead, we will take you to a place where plenty of great-paying new jobs and they train you for free. first, why is big labor in a big tizzy over obamacare? my wife takes centrum silver. i've been on the fence about it. then i read an article about a study that looked at the long term health benefits of taking multivitamins. they used centrum silver for the study... so i guess my wife was right. [ male announcer ] centrum. always your most complete. so i guess my wife was right. hey, buddy? oh, hey, flo. you want to see something cool? snapshot, from progressive. my insurance company told me not to talk to people like you. you always do what they tell you? no... try it, and see what your good driving can save you. you don't even have to switch. unless you're scared. i'm not scared, it's... you know we can still see you. no, you can't. pretty sure we can... try snapshot today -- no pressure. >> bret: the hostage standoff in